Setting up a Direct Debit

Why does Venn use Direct Debit?

We implemented Direct Debit as our preferred payment method for invoices to allow clients to benefit from;

• Reduced administration for clients' finance and operations teams when processing monthly invoices. 
• Reduce client risk of late payment fees incurred through late payment of invoices.

Who do you use to process Direct Debits, and is it safe?

Venn uses GoCardless to transact client Direct Debits. With over 80,000 businesses and 20 million payers using GoCardless, it is the leading provider of bank payments, such as Direct Debit, as we consider it to be the perfect partner to support our financial relationships with our clients.

How do I set up a Direct Debit with Venn?

You can set up a Direct Debit using this link from our provider, GoCardless:  https://pay.gocardless.com/BRT0002Q257DQV7

Clicking this link will send you to a GoCardless form (see below) for you to complete with your company details. Once populated, click 'Continue'.

You will then be presented with a 2nd form to complete your bank details.

Click 'Continue', and your Direct Debit is all set up. You will now not need to make any payments on a monthly basis as GoCardless will automatically pick up the payment on each due date (an invoice will still be issued by our finance team each month so you have a record of all your invoices)

Once this is complete, you can log in to your Teamwork account and mark the corresponding task as complete within your project.